Here is another interesting article on the prospects of a recession this year from CNNMoney.com.
The question for many economists is not if the U.S. economy will fall into a recession. It's whether it already has.
The formal recognition of a start of a recession probably wouldn't come for at least six months if not more than a year, as official judges from the National Bureau of Economic Research (NBER) pour through various economic readings.
This is consistent with my last blog post.
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